Pershing Gold (PGLC) Inactive 10-Q12 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
Document And Entity Information	Sep. 30, 2014	Nov. 10, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'Pershing Gold Corp.	'
Entity Central Index Key	'0001432196	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'PGLC	'
Entity Common Stock, Shares Outstanding	'	351,996,041

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS:	'	'
Cash and cash equivalents	$10,444,318	$7,743,107
Restricted cash	2,250,000	2,250,000
Other receivables	7,164	17,276
Prepaid expenses and other current assets	351,370	582,278
Total Current Assets	13,052,852	10,592,661
NON - CURRENT ASSETS:	'	'
Property and equipment, net	6,635,876	6,450,640
Mineral rights	16,786,912	16,786,912
Reclamation bond deposit	25,000	25,000
Deposits	0	3,884
Total Non - Current Assets	23,447,788	23,266,436
Total Assets	36,500,640	33,859,097
CURRENT LIABILITIES:	'	'
Accounts payable and accrued expenses	654,455	624,753
Note payable - current portion	23,973	23,036
Total Current Liabilities	678,428	647,789
LONG-TERM LIABILITIES:	'	'
Note payable - long term portion	23,596	36,474
Asset retirement obligation	813,983	0
Total Liabilities	1,516,007	684,263
Commitments and Contingencies	'	'
STOCKHOLDERS' EQUITY :	'	'
Common stock ($.0001 Par Value; 500,000,000 Shares Authorized; 317,301,282 and 275,917,023 shares issued and 316,281,754 and 275,790,008 outstanding as of September 30, 2014 and December 31, 2013 , respectively)	31,730	27,592
Additional paid-in capital	146,117,373	133,201,209
Treasury stock, at cost, (1,019,528 and 127,015 shares as of September 30, 2014 and December 31, 2013, respectively)	-225,876	-44,455
Accumulated deficit	-110,938,595	-100,009,513
Total Stockholders' Equity	34,984,633	33,174,834
Total Liabilities and Stockholders' Equity	36,500,640	33,859,097
Convertible Series A Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	0	0
Convertible Series B Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	0	0
Convertible Series C Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	0	0
Convertible Series D Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	0	0
Convertible Series E Preferred Stock	'	'
STOCKHOLDERS' EQUITY :	'	'
Preferred stock, $0.0001 par value; 50,000,000 authorized	$1	$1

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Par or Stated Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	317,301,282	275,917,023
Common Stock, Shares, Outstanding	316,281,754	275,790,008
Treasury stock, at cost, shares	1,019,528	127,015
Convertible Series A Preferred Stock	'	'
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	2,250,000	2,250,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible Series B Preferred Stock	'	'
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	8,000,000	8,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible Series C Preferred Stock	'	'
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	3,284,396	3,284,396
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible Series D Preferred Stock	'	'
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	7,500,000	7,500,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible Series E Preferred Stock	'	'
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	15,151	15,151
Preferred Stock, Shares Issued	9,425	11,185
Preferred Stock, Shares Outstanding	9,425	11,185

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net revenues	$0	$0	$0	$0
Operating expenses:	'	'	'	'
Compensation and related taxes	826,203	1,615,926	3,171,286	4,689,581
Exploration cost	2,019,373	1,078,139	3,900,798	1,793,214
Consulting fees	215,807	477,311	868,858	1,259,924
General and administrative expenses	913,581	745,235	2,984,952	2,811,265
Total operating expenses	3,974,964	3,916,611	10,925,894	10,553,984
Loss from operations	-3,974,964	-3,916,611	-10,925,894	-10,553,984
OTHER INCOME (EXPENSES):	'	'	'	'
Warrant settlement expense	0	0	0	-45,484
Realized gain - available for sale securities	0	0	0	1,656,333
Interest expense and other finance costs, net of interest income	-957	-4,963	-3,188	-22,665
Total other income (expenses) - net	-957	-4,963	-3,188	1,588,184
Loss before provision for income taxes	-3,975,921	-3,921,574	-10,929,082	-8,965,800
Provision for income taxes	0	0	0	0
Net loss	-3,975,921	-3,921,574	-10,929,082	-8,965,800
Preferred deemed dividend	0	-4,101,659	0	-4,101,659
Net loss available to common stockholders	($3,975,921)	($8,023,233)	($10,929,082)	($13,067,459)
Net loss per common share, basic and diluted	($0.01)	($0.03)	($0.04)	($0.05)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted	313,227,134	273,292,023	290,457,315	272,236,712

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($10,929,082)	($8,965,800)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation	733,920	729,771
Realized gain - available for sale securities	0	-1,656,333
Stock-based compensation	2,000,663	3,834,352
Changes in operating assets and liabilities:	'	'
Other receivables	10,112	77,364
Prepaid expenses - current portion and other current assets	234,792	143,346
Accounts payable and accrued expenses	34,608	-172,319
NET CASH USED IN OPERATING ACTIVITIES	-7,914,987	-6,009,619
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Net proceeds received from the sale of marketable securities	0	1,656,333
Purchase of property and equipment	-105,173	-23,898
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	-105,173	1,632,435
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Proceeds from sale of common stock, net of issuance costs	10,919,639	0
Proceeds from sale of preferred stock, net of issuance costs	0	10,227,079
Purchase of treasury stock	-181,421	0
Payments on notes payable	-16,847	-17,277
Distribution to former parent company	0	-15,066
NET CASH PROVIDED BY FINANCING ACTIVITIES	10,721,371	10,194,736
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,701,211	5,817,552
CASH AND CASH EQUIVALENTS- beginning of period	7,743,107	3,218,191
CASH AND CASH EQUIVALENTS- end of period	10,444,318	9,035,743
Cash paid for:	'	'
Interest	3,188	4,050
Income taxes	0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Issuance of preferred stock in connection with the conversion of a promissory note and accrued interest into a current private placement	0	645,480
Increase in property and equipment as a result of recognition of asset retirement obligation	$813,983	$0

ORGANIZATION_AND_DESCRIPTION_O

ORGANIZATION AND DESCRIPTION OF BUSINESS	9 Months Ended
ORGANIZATION AND DESCRIPTION OF BUSINESS	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
ORGANIZATION AND DESCRIPTION OF BUSINESS	'
	NOTE 1 — ORGANIZATION AND DESCRIPTION OF BUSINESS

	Organization

	Pershing Gold Corporation (the “Company”), formerly named Sagebrush Gold Ltd., was incorporated under the laws of the State of Nevada on August 2, 2007. The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. The Company is currently focused on exploration of its Relief Canyon properties in Pershing County in northwestern Nevada. None of the Company’s properties contain proven and probable reserves, and all of the Company’s activities on all of its properties are exploratory in nature.

	A wholly-owned subsidiary, EXCX Funding Corp., a Nevada corporation was formed in January 2011 and held the note payable - related party, which was exchanged for the Company’s Series E Convertible Preferred Stock (“Series E Preferred Stock”) and warrants in August 2013 and was cancelled. On April 6, 2014 EXCX Funding Corp. was liquidated and dissolved.

	On August 30, 2011, the Company, through its wholly-owned subsidiary, Gold Acquisition Corp. (“Gold Acquisition”), acquired the Relief Canyon Mine property (“Relief Canyon”) located in Pershing County, near Lovelock, Nevada, for an aggregate purchase price consisting of $12,000,000 cash and $8,000,000 in senior secured convertible promissory notes.

	A wholly-owned subsidiary, Pershing Royalty Company, a Delaware corporation, was formed on May 17, 2012 to hold royalty interests in two gold exploration properties.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of presentation and principles of consolidation

	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company as of September 30, 2014. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of September 30, 2014, and the results of operations and cash flows for the nine months ended September 30, 2014 have been included. The results of operations for the nine months ended September 30, 2014 are not necessarily indicative of the results to be expected for the full year. The accounting policies and procedures employed in the preparation of these consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended December 31, 2013, which are contained in the Company’s Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 26, 2014. The consolidated balance sheet as of December 31, 2013 contained herein, was derived from those financial statements.

	Use of estimates

	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the useful life of property and equipment, amounts and timing of closure obligations, the assumptions used to calculate fair value of options and warrants granted, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.

	Cash and cash equivalents

	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with high credit quality financial institutions. The Company’s accounts at these institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At September 30, 2014, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institutions, the Company evaluates at least annually the rating of the financial institutions in which it holds deposits.

	Restricted cash

	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.

	Marketable securities

	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, or the OTC Markets Group.

	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.

	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.

	Fair value of financial instruments

	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.

	ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.

	These inputs are prioritized below:

		Level 1:	Observable inputs such as quoted market prices in active markets for identical assets or liabilities
		Level 2:	Observable market-based inputs or unobservable inputs that are corroborated by market data
		Level 3:	Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market values based on the short-term maturity of these instruments. The carrying amount of the note payable at September 30, 2014 approximates its respective fair value based on the Company’s incremental borrowing rate.

	Prepaid expenses

	Prepaid expenses of $351,370 and $582,278 at September 30, 2014 and December 31, 2013, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, drilling services, and mineral lease fees which are being amortized over the terms of their respective agreements.

	Mineral property acquisition and exploration costs

	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company were to identify proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment.

	To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are expensed. During the nine months ended September 30, 2014 and 2013, the Company incurred exploration cost of $3,900,798 and $1,793,214, respectively.

	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.

	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral rights, an acquirer should take into account both:

	· The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.

	· The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.

	Property and equipment

	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.

Impairment of long-lived assets

The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage are monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.

Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not record any charges for impairment of its long-lived assets at September 30, 2014 and December 31, 2013, respectively.

Asset Retirement Obligations

Asset retirement obligations (“ARO”), consisting primarily of estimated mine reclamation and closure costs at the Company’s Relief Canyon property, are recognized in the period incurred and when a reasonable estimate can be made, and recorded as liabilities at fair value. Such obligations, which are initially estimated based on discounted cash flow estimates, are accreted to full value over time through charges to accretion expense. Corresponding asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset and depreciated over the asset’s remaining useful life. Asset retirement obligations are periodically adjusted to reflect changes in the estimated present value resulting from revisions to the estimated timing or amount of reclamation and closure costs. The Company reviews and evaluates its asset retirement obligations annually or more frequently at interim periods if deemed necessary.

Income taxes

The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.

Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.

The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open. The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.

Stock-based compensation

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.

Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.

Treasury stock

Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.

Related party transactions

Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal stockholders of the Company, its management, members of the immediate families of principal stockholders of the Company and its management and other parties that control or can significantly influence the management or operating policies of the Company. The Company discloses all related party transactions.

Recent accounting pronouncements

In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist. ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.

In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements”. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders’ equity. The amendments in ASU 2014-10 are effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods; however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 for the interim reporting period ended September 30, 2014.

In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern.” The provisions of ASU No. 2014-15 require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this ASU are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is currently assessing the impact of ASU No. 2014-15 on the Company’s consolidated financial statements.

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

MARKETABLE_SECURITIES

MARKETABLE SECURITIES	9 Months Ended
MARKETABLE SECURITIES	Sep. 30, 2014
Marketable Securities [Abstract]	'
MARKETABLE SECURITIES	'
	NOTE 3 — MARKETABLE SECURITIES

	In January 2013, the Company sold the remaining 1,513,333 shares of American Strategic Minerals Corp. common stock it owned in a private transaction and generated net proceeds of $151,333. Between February 2013 and May 2013, the Company sold 25,000,000 shares of Valor Gold Corp. common stock in private transactions and generated net proceeds of $1,505,000. The Company recorded a realized gain — available for sale securities of $0 and $1,656,333 during the nine months ended September 30, 2014 and 2013, respectively.

MINERAL_PROPERTIES

MINERAL PROPERTIES	9 Months Ended
	Sep. 30, 2014
Mineral Industries Disclosures [Abstract]	'
MINERAL PROPERTIES	'
	NOTE 4 — MINERAL PROPERTIES

	Relief Canyon Properties

	The Relief Canyon properties are located in Pershing County about 100 miles northeast of Reno, Nevada and at the southern end of the Humboldt Range. The Relief Canyon properties do not currently have any mineral reserves and all activities undertaken and currently proposed are exploratory in nature.

	Relief Canyon Mine

	Through the Company’s wholly-owned subsidiary, Gold Acquisition, the Company owns 164 unpatented lode mining claims and 120 unpatented millsites at the Relief Canyon Mine property. The property includes the Relief Canyon Mine and gold processing facilities, currently in a care and maintenance status. The Relief Canyon Mine includes three open pit mines, heap leach pads comprised of six cells, two solution ponds and a cement block constructed adsorption desorption-recovery (ADR) solution processing circuit. The ADR type process plant consists of four carbon columns, acid wash system, stripping vessel, and electrolytic cells. The process facility was completed in 2008 by Firstgold Corp and produced gold until 2009 and is currently in care and maintenance status. The facilities are generally in good condition. Most of the Relief Canyon Mine property is burdened by a production royalty equal to 2% of net smelter returns payable to Battle Mountain Gold Exploration LLC (now owned by Royal Gold).

	Pershing Pass Property

	The Pershing Pass property consists of over 700 unpatented mining claims covering approximately 12,000 acres and a mining lease covering approximately 600 acres. The Pershing Pass property also includes approximately 490 unpatented lode mining claims covering approximately 9,700 acres that the Company acquired from Silver Scott Mines in March 2012 and approximately 283 unpatented lode mining claims covering about 5,660 acres owned directly by a Victoria Gold Corp. subsidiary prior to our purchase. Victoria Gold has reserved a 2% net smelter return production royalty on the 221 claims that are located outside the area of interest related to the Newmont Leased property, discussed below. The Pershing Pass property also includes 17 unpatented mining claims acquired from a third party in April 2012 subject to a 2% net smelter return royalty, 17 unpatented mining claims that the Company located in mid-2012, and approximately 635 acres of private lands that the Company leased in January 2013.

	The primary term of the lease is ten years, which may be extended as long as mineral development work continues on the property. Production from the lease is subject to a 2% net smelter return royalty on all metals produced other than gold, and to a royalty on gold indexed to the gold price, ranging from 2% at gold prices of less than $500 per ounce to 3.5% at gold prices over $1,500 per ounce. Prior to one year after commercial production, the Company can repurchase up to 3% of the royalty on gold production at the rate of $600,000 for each 1%.

	In September 2013, the Company entered into a lease agreement and purchase option with Wolf Pack Gold (Nevada) Corp for 19 unpatented mining claims (approximately 400 acres) in the Pershing Pass Property. The lease grants the Company exclusive rights to conduct mineral exploration, development and mining and an exclusive option to purchase the claims. The primary term of the lease is ten years, which may be extended as long as mineral exploration, development, or mining work continues on the property. Production from the lease is subject to a 1% net smelter return royalty on precious metals and a 0.5% net smelter royalty on all other metals produced from the lease. Prior to production, and starting in September 2016, the Company is required to pay a $10,000 per year advance minimum royalty payment to Wolf Pack Gold. The advance minimum royalty remains at $10,000 per year until September 2023 and then increases to $12,500 per year. The advance royalty payment increases to $15,000 per year in September 2028 and $20,000 per year in September 2033. The advance minimum royalty payments are due on or before the anniversary dates of the lease agreement. If the Company decides to exercise the purchase option, which is exercisable at any time, it can acquire the 19 unpatented mining claims from Wolf Pack Gold for $250,000.

	Newmont Leased Properties

	On April 5, 2012, the Company purchased from Victoria Gold Corp. and Victoria Resources (US) Inc. their interest in approximately 13,300 acres of mining claims and private lands adjacent to the Company’s landholdings at the Relief Canyon Mine in Pershing County, Nevada. Victoria Gold has reserved a 2% net smelter return royalty from the production on 221 of the 283 unpatented mining claims that it owned directly.

	Approximately 8,900 acres of the lands that the Company acquired from Victoria Gold Corporation are a leasehold interest comprised of unpatented mining claims and private lands subject to a 2006 Mineral Lease and Sublease with Newmont USA Ltd., which the Company refers to as the Newmont Leased property. The Newmont Leased property consists of 155 unpatented lode mining claims owned by Newmont comprising approximately 2,800 acres, approximately 4,900 acres of privately-owned fee minerals leased by Newmont from the owners, and 62 unpatented mining claims that were owned by Victoria within the Newmont Leased property and area of interest.

	In order to maintain the 2006 Minerals Lease and Sublease with Newmont, the Company was required to spend approximately $1.0 million in exploration expenses in 2013. The Company has satisfied this 2013 direct drilling work commitment. Starting in 2014, the Company is required to spend $0.5 million per year on exploration expenditures or pay Newmont rental payments of $10 per acre per year. The rental payments will escalate by 5% per year. The Company has also satisfied the 2014, 2015 and 2016 direct drilling work commitments. Under the current terms of the 2006 Minerals Lease and Sublease and commencing in 2014, the annual rent, if the Company elects not to or fails to incur at least $0.5 million in exploration expenditures, would be approximately $0.1 million. Because the Company has satisfied the direct drilling work commitment for 2014, 2015 and 2016, it will not incur annual rental payments in 2014, 2015 or 2016. The Company will be required to expend $0.5 million in additional direct drilling expenditures in 2017 in order to avoid the annual rental payment requirement.

	Pursuant to the 2006 Minerals Lease and Sublease, the Company is subject to a 3% to 5% net smelter royalty tied to the gold price in the event Newmont elects not to pursue the Venture Option and quitclaims the claims and leased lands to the Company. The 5% net smelter royalty would apply if the monthly average gold price is equal to or greater than $400 per ounce. In addition, the Company is subject to a 2.5% net smelter returns royalty payable to the underlying lessor on approximately 800 acres of the Newmont Leased properties under the 1994 Mining Lease and a 3.5% net smelter returns royalty payable to the underlying lessor on approximately 495 acres of the Newmont Leased properties under the 1999 Mining Lease; these royalties would offset the Newmont royalty down to 2%.

	General

	The Company has posted a statewide bond with the United States Department of the Interior Bureau of Land Management (“BLM”) as required by the State of Nevada in an amount of approximately $5.4 million, which is currently approximately $235,000 in excess of the current coverage requirement, to reclaim land disturbed in its exploration and mining operations. Previously the Company posted a reclamation bond deposit in the amount equal to the bond requirement with the BLM. In November 2013 the Company replaced the bond deposit by issuing a surface management surety bond in the amount of $5.0 million through a third-party insurance underwriter, which was increased to $5.4 million in October 2014.

	In order to issue the surface management surety bond the Company was required to place 45% of the original $5.0 million bond ($2,250,000) in a collateral account. No further collateral was required for the bond increase in October 2014. The funds deposited in the collateral account have been classified as restricted cash on the Company’s balance sheet as of September 30, 2014.

	As of September 30, 2014, based on management’s review of the carrying value of mineral rights, management determined that there is no evidence that the cost of these acquired mineral rights will not be fully recovered and accordingly, the Company has determined that no adjustment to the carrying value of mineral rights was required.

	As of the date of these consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition and exploration costs.

	Mineral properties consisted of the following:
		September 30,
		2014		December 31,
		(Unaudited)		2013
	Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071
	Relief Canyon Mine — Newmont Leased Properties		7,709,441		7,709,441
	Pershing Pass Property		576,400		576,400

		$	16,786,912	$	16,786,912

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
PROPERTY AND EQUIPMENT	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
PROPERTY AND EQUIPMENT	'
	NOTE 5 – PROPERTY AND EQUIPMENT

	Property and equipment consisted of the following:

			September 30,
		Estimated Life	2014		December 31,
		Estimated Life	(Unaudited)		2013
	Furniture and fixtures	5 years	$	56,995	$	56,995
	Office and computer equipment	1 - 5 years		330,800		234,518
	Land	—		266,977		266,977
	Asset retirement costs (see Note 7)	3 – 18 years		813,983		-
	Building and improvements	5 - 25 years		738,959		730,068
	Site costs	10 years		1,272,732		1,272,732
	Crushing system	20 years		2,256,943		2,256,943
	Process plant and equipment	10 years		3,169,442		3,169,442
	Vehicles and mining equipment	5 - 10 years		695,825		695,825
				9,602,656		8,683,500
	Less: accumulated depreciation			-2,966,780		-2,232,860

			$	6,635,876	$	6,450,640

	For the nine months ended September 30, 2014 and 2013, depreciation expense totaled $733,920 and $729,771, respectively.

NOTES_PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2014
Notes Payable [Abstract]	'
NOTES PAYABLE	'
	NOTE 6 — NOTES PAYABLE

	In August 2012, the Company issued a note payable in the amount of $92,145 in connection with the acquisition of mining equipment. The note payable bears interest at approximately 7% per annum and is secured by a lien on the mining equipment. The note is payable in 48 equal monthly payments of $2,226 beginning in September 2012.

	Notes payable — short and long term portion consisted of the following:

		September 30, 2014		December 31, 2013
		(Unaudited)
	Total notes payable	$	47,569	$	59,510
	Less: current portion		-23,973		-23,036
	Long term portion	$	23,596	$	36,474

ASSET_RETIREMENT_OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	9 Months Ended
ASSET RETIREMENT OBLIGATIONS	Sep. 30, 2014
Asset Retirement Obligation Disclosure [Abstract]	'
ASSET RETIREMENT OBLIGATIONS	'
	NOTE 7 – ASSET RETIREMENT OBLIGATIONS

	In conjunction with the permit approval permitting the Company to resume mining in the existing open pits at the Relief Canyon Mine, during the third quarter of 2014 the Company has recorded an asset retirement obligation based upon the reclamation plan submitted in connection with the permit.

	The following table summarizes activity in the Company’s ARO:
			September 30,
			2014
	Balance, beginning of period	$	-
	Accretion expense		-
	Reclamation expenditures		-
	Additions and changes in estimates		813,983
	Balance, end of period	$	813,983

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2014
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	NOTE 8 — RELATED PARTY TRANSACTIONS

	Continental Resources Group, Inc.

	In January 2013, the Company paid $15,066 of Continental Resources Group Inc.’s expenses. The Company recorded such advances to additional paid in capital which represents distributions to the Company’s former parent company for a total of $15,066 for the nine months ended September 30, 2013. Continental Resources Group Inc. was dissolved on February 27, 2013.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
STOCKHOLDERS' EQUITY	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
STOCKHOLDERS' EQUITY	'
	NOTE 9 — STOCKHOLDERS’ EQUITY

	Preferred Stock

	The Company is authorized within the limitations and restrictions stated in the Amended and Restated Articles of Incorporation to provide by resolution or resolutions for the issuance of 50,000,000 shares of Preferred Stock, par value $0.0001 per share in such series and with such designations, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as the Company’s Board of Directors establish.

	Series A Convertible Preferred Stock

	As of September 30, 2014, 2,250,000 shares of Series A Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

	Series B Convertible Preferred Stock

	As of September 30, 2014, 8,000,000 shares of Series B Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

	Series C Convertible Preferred Stock

	As of September 30, 2014, 3,284,396 shares of Series C Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

	9% Series D Cumulative Preferred Stock

	As of September 30, 2014, 7,500,000 shares of Series D Preferred Stock, $0.0001 par value were authorized with none issued and outstanding.

	Series E Preferred Stock

	On August 5, 2013, the Company designated 15,151 shares of its Series E Preferred Stock. Each share of Series E Preferred Stock is convertible into shares of the Company’s common stock at a conversion rate of 3,000 shares of common stock for each share of Series E which is equivalent to a conversion price of $0.33 per share of common stock, subject to certain adjustments in the event of stock dividends, stock splits and subsequent equity sales. As discussed below, the Series E conversion price was adjusted effective October 20, 2014.

	The holders of the Series E Preferred Stock are entitled to vote on an as-converted basis on all matters on which the holders of the common stock have a right to vote. The Company may, at any time after February 8, 2014, redeem all the then outstanding Series E Preferred Stock for cash in an amount equal to 110% of the purchase price for the Series E Preferred Stock, provided that the optional redemption provisions are met as defined in the certificate of designation. Upon liquidation, dissolution or winding up of the Company, each holder of Series E Preferred Stock is entitled to receive the greater of: (i) 110% of the purchase price of the Series E Preferred Stock, or (ii) the amount each holder would be entitled to receive if such holder’s shares of Series E Preferred Stock were converted into common stock. Upon a change of control, all outstanding shares of Series E Preferred Stock will automatically convert into shares of common stock and the holders will also be entitled to receive a cash payment equal to 10% of the purchase price paid for the Series E Preferred Stock. The Company believes that the occurrence of the optional redemption is considered a conditional event and as a result the instrument does not meet the definition of mandatorily redeemable financial instrument based from ASC 480-10-25, “Distinguishing Liabilities from Equity”.

	In August 2013, the Company completed private placements to several accredited investors for the purchase of 10,533 shares of the Company’s Series E Preferred Stock and warrants to acquire 12,639,600 shares of the Company’s common stock for aggregate net proceeds of approximately $10.2 million. Each purchaser of Series E Preferred Stock received a 3-year warrant to acquire a number of shares of the Company’s common stock equal to 40% of the number of shares of common stock issuable upon conversion of the shares of Series E Preferred Stock. The warrants are immediately exercisable at an exercise price of $0.40 per share of the Company’s common stock, subject to adjustments in the event of stock dividends, recapitalizations or certain other transactions and expire three years from the date of issuance. The purchase price of one share of Series E Preferred Stock and the associated warrant was $990.

	Additionally, Mr. Barry Honig, a director of the Company, exchanged the outstanding principal and accrued interest of $645,480 owed by the Company under a Credit Facility Agreement for 652 shares of Series E Preferred Stock and warrants to acquire 782,400 shares of the Company’s common stock on equivalent terms to those of investors purchasing in the private placement.

	During February and March 2014 certain holders of the Company’s Series E Preferred Stock converted 1,529 shares into 4,587,000 shares of common stock of the Company in accordance with the Series E Preferred Stock certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E Preferred Stock which was equivalent to a conversion price of $0.33 per share of common stock.

	During April 2014 a certain holder of the Company’s Series E Preferred Stock converted 50 shares into 150,000 shares of common stock of the Company in accordance with the Series E Preferred Stock certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E Preferred Stock which was equivalent to a conversion price of $0.33 per share of common stock.

	During July 2014 certain holders of the Company’s Series E Preferred Stock converted 181 shares into 543,000 shares of common stock of the Company in accordance with the Series E Preferred Stock certificate of designation. The conversion rate applied to these exchanges was 3,000 shares of common stock for each share of Series E Preferred Stock which was equivalent to a conversion price of $0.33 per share of common stock.

	As of September 30, 2014, there were 15,151 shares of Series E Preferred Stock authorized and 9,425 shares issued and outstanding.

	As a result of a private placement completed in October 2014, the conversion price for the Series E Preferred Stock has been reduced effective October 20, 2014 from $0.33 to $0.28 per share of Series E Preferred Stock. Following this adjustment, and in accordance with ASC 470-20 “Debt with Conversion and Other Options”, the Company will record an additional deemed dividend in the amount of approximately $1.7 million. As a result of the adjustment, each share of Series E Preferred Stock is convertible into approximately 3,535.714 shares of Common Stock, and the 9,425 Series E Preferred Stock outstanding as of September 30, 2014 are convertible into approximately 33,324,114 shares of Common Stock in the aggregate, compared to 28,275,000 shares of Common Stock prior to the adjustment. (See Note 12).

	Common Stock

	Private Placements

	Subsequent to the third quarter, in October 2014, the Company completed a private placement to accredited investors for the purchase of 35,714,287 shares of its common stock for aggregate net proceeds of approximately $9.9 million (see Note 12).

	The Company completed two private placements in the third quarter of 2014. In the first private placement, the Company issued 26,578,854 Units on July 2, 2014 and an additional 2,461,760 Units on July 14, 2014, with each Unit comprised of one share of Common Stock (the “Unit Shares”) and a 30 month warrant (the “Warrant”) to purchase 0.4 of a share of Common Stock (the “Warrant Shares”) at an exercise price of $0.45, for a total of 29,040,614 shares of Common Stock and Warrants to acquire an additional 11,616,222 shares of Common Stock, all pursuant to subscription agreements (each, a “Subscription Agreement”) and a unit purchase agreement (the “Unit Purchase Agreement”) entered into with accredited investors. The gross proceeds totaled approximately $9.8 million and net proceeds of approximately $8.9 million after commissions and expenses. The Warrants sold as part of the Units are exercisable immediately at an exercise price of $0.45 per share of Common Stock, subject to adjustment in the event of stock dividends, recapitalizations or certain other transactions. The Warrants will expire on January 2, 2017. Certain FINRA broker-dealers acted on behalf of the Company and were paid aggregate cash commissions of approximately $784,000 and expenses of approximately $136,000 and were issued 30 month warrants to purchase an aggregate of 2,125,391 shares of Common Stock at an exercise price of $0.34.

	In the second private placement, the Company issued 6,813,645 Units on July 30, 2014, with each Unit comprised of one share of Common Stock and a 30 month warrant to purchase 0.4 of a share of Common Stock at an exercise price of $0.45, for a total of 6,813,645 shares of Common Stock and Warrants to acquire an additional 2,725,454 shares of Common Stock, all pursuant to subscription agreements and a unit purchase agreement entered into with accredited investors. The gross proceeds totaled approximately $2.3 million and the net proceeds totaled approximately $2.2 million after commissions and expenses. In connection with this private placement, certain FINRA broker-dealers acted on behalf of the Company and were paid aggregate cash commissions of approximately $100,000 and expenses of approximately $18,000 and were issued 30 month warrants to purchase an aggregate of 342,855 shares of Common Stock at an exercise price of $0.34.

	Additionally, the Company paid a total of approximately $174,000 of legal fees in connection with the July 2014 private placements thereby resulting in total net proceeds of $10.9 million to the Company.

	Common stock for services

	On February 12, 2013, the Company granted an aggregate of 6,700,000 shares of restricted common stock to a director and certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $3,417,000 or $0.51 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

	On November 1, 2013, pursuant to an employment agreement, the Company granted 125,000 shares of restricted common stock to an employee of the Company which were valued at fair market value on the date of grant at approximately $0.36 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

	On December 16, 2013, the Company granted an aggregate of 2,500,000 shares of restricted common stock to certain employees and consultants of the Company, which were valued at fair market value on the date of grant at approximately $875,000 or $0.35 per share. The shares granted to employees (1,300,000) vest one third on the date of grant and one third at the end of each of the years ending two and three years after the date of issuance. The remaining restricted shares issued to consultants vest one third at the end of each of the first three years from the date of issuance.

	On January 1, 2014, pursuant to an employment agreement, the Company granted 250,000 shares of restricted common stock to an employee of the Company which were valued at fair market value on the date of grant at approximately $0.35 per share. These restricted shares vest one third at the end of each of the first three years from the date of issuance.

On June 11, 2014, the Company and Mr. Steve Alfers, the Company’s CEO, entered into the Second Amendment to the Restricted Stock Agreement (the “Alfers Amendment”) to amend that certain Restricted Stock Agreement, dated as of May 13, 2013, and amended by the First Amendment to the Restricted Stock Agreement dated December 23, 2013 by and between the Company and Mr. Alfers. Pursuant to the Alfers Amendment, the vesting of 1,666,500 restricted shares, of a total of 5,000,000 restricted shares that were granted on June 18, 2012, was extended from June 18, 2014 to March 14, 2015. 1,666,500 shares had previously vested in March 2014 and the vesting schedule for the remaining 1,667,000 shares vesting on June 18, 2015 remains unchanged.

During the nine months ended September 30, 2014, the Company recorded stock-based compensation expense in connection with restricted stock awards of $2,022,747. During the nine months ended September 30, 2014, the Company reversed $76,007 of previously recognized compensation cost related to restricted stock awards that did not vest due to the holder’s termination of employment. At September 30, 2014, there was a total of $1,420,214 unrecognized compensation expense in connection with restricted stock awards.

Common Stock Options

A summary of the Company’s outstanding stock options as of September 30, 2014 and changes during the period then ended is presented below:

							Weighted
							Average
					Weighted		Remaining
					Average		Contractual
		Number of			Exercise		Life
		Options			Price		(Years)
Balance at December 31, 2013			32,900,000		$	0.4		8.18
Granted			—			—		—
Exercised			—			—		—
Forfeited			-300,000			0.34		7.97
Cancelled			—			—		—
Balance at September 30, 2014			32,600,000			0.4		7.43

Options exercisable at end of period			31,775 000		$	0.4
Options expected to vest through December 31, 2014			825,000
Weighted average fair value of options granted during the period					$	—

At September 30, 2014 there was no intrinsic value for the stock options outstanding in the above table.

During the nine months ended September 30, 2014, the Company recorded stock based compensation expense related to options of $70,593. During the nine months ended September 30, 2014, the Company reversed $16,670 of previously recognized compensation cost related to stock option awards that did not vest due to the holder’s termination of employment. At September 30, 2014, there was a total of $22,170 of unrecognized compensation expense related to non-vested options.

Common Stock Warrants

A summary of the Company’s outstanding stock warrants as of September 30, 2014 and changes during the period then ended are presented below:

						Weighted
						Average
				Weighted		Remaining
				Average		Contractual
		Number of		Exercise		Life
		Warrants		Price		(Years)
Balance at December 31, 2013		26,244,621		$	0.45		2.22
Granted		16,809,922			0.43		2.5
Cancelled		—			—		—
Forfeited		-5,000,000			0.6		—
Exercised		—			—		—
Balance at September 30, 2014		38,054,543		$	0.43		2.08

Warrants exercisable at September 30, 2014		38,054,543		$	0.43		2.08

Weighted average fair value of warrants granted during the period				$	0.43

Treasury Stock

The Company accounts for treasury stock under the cost method. On December 16, 2013, the Company reacquired 127,015 shares of its common stock from certain employees of the Company. Additionally, between February 2014 and March 2014, the Company reacquired 492,513 shares of its common stock from certain employees of the Company. The reacquisition by the Company of its common stock is the result of certain employees electing to surrender shares in order to satisfy their minimum applicable withholding obligation due to the vesting of restricted stock awards. The Company recorded charges of $44,455 and $181,421, respectively, in connection with the 2013 and 2014 stock surrenders. In July 2014, 400,000 unvested restricted stock awards were returned to treasury stock as a result of an employee termination. The value of the treasury stock is reflected separately as a deduction from stockholders’ equity. As of September 30, 2014, there were 1,019,528 of treasury shares valued at $225,876.

NET_LOSS_PER_COMMON_SHARE

NET LOSS PER COMMON SHARE	9 Months Ended
NET LOSS PER COMMON SHARE	Sep. 30, 2014
Earnings Per Share [Abstract]	'
NET LOSS PER COMMON SHARE	'
	NOTE 10 — NET LOSS PER COMMON SHARE

	Net loss per common share is calculated in accordance with ASC Topic 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholder, adjusted for preferred dividends, by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include anti-dilutive common stock equivalents in the weighted average shares outstanding. The following table sets forth the computation of basic and diluted loss per share:

		For the Three		For the Three		For the Nine		For the Nine
		Months		Months		Months		Months
		ended		ended		ended		ended
		September 30,		September 30,		September 30,		September 30,
		2014		2013		2014		2013
	Numerator:
	Net loss	$	-3,975,921	$	-8,023,233	$	-10,929,082	$	-13,067,459
	Denominator:
	Denominator for basic and diluted loss per share (weighted-average shares)		313,227,134		273,292,023		290,457,315		272,236,712

	Net loss per common share, basic and diluted	$	-0.01	$	-0.03	$	-0.04	$	-0.05

	The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s loss from continuing operations and loss from discontinued operations. In periods where the Company has a net loss, all dilutive securities are excluded.

		30-Sep-14		30-Sep-13
	Common stock equivalents:
	Stock options		32,600,000		33,400,000
	Stock warrants		38,054,543		26,244,621
	Convertible preferred stock		28,275,000		33,555,000

	Total		98,929,543		93,199,621

	As a result of a private placement completed in October 2014, the conversion price for the Series E Preferred Stock has been reduced effective October 20, 2014 from $0.33 to $0.28 per share of Series E Preferred Stock. Following this adjustment, and in accordance with ASC 470-20 “Debt with Conversion and Other Options”, the Company will record an additional deemed dividend in the amount of approximately $1.7 million. As a result of the adjustment, each share of Series E Preferred Stock is convertible into approximately 3,535.714 shares of Common Stock, and the 9,425 Series E Preferred Stock outstanding as of September 30, 2014 are convertible into approximately 33,324,114 shares of Common Stock in the aggregate, compared to 28,275,000 shares of Common Stock prior to the adjustment. (See Note 12).

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	NOTE 11 — COMMITMENTS AND CONTINGENCIES

	Operating Lease

	In February 2012, the Company signed a three year lease agreement for office space located in Lakewood, Colorado containing approximately 2,390 net rentable square feet with a term commencing in March 2012 and expiring in April 2015. The lease requires the Company to pay an annual base rent of $18.50 per rentable square foot or $44,215 plus a pro rata share of operating expenses. The base rent is subject to annual increases beginning on May 1, 2013 as defined in the lease agreement. Future minimum rental payments required under the lease are as follows:

	2014	$	11,651
	2015		15,535
		$	27,186

	Rent expense was $35,694 and $33,759 for the nine months ended September 30, 2014 and 2013, respectively.

	Mining Leases

	As more fully discussed in Note 4 — Mineral Properties, the Company leases certain mineral properties included in its Pershing Pass Property. The future minimum lease payments under these mining leases are as follows:

	2014	$	10,000
	2015		10,000
	2016		20,000
	2017		25,000
	2018		25,000
	Thereafter		117,500
		$	207,500

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	NOTE 12 — SUBSEQUENT EVENTS

	On October 20, 2014, the Company issued 35,714,287 shares of Common Stock in a private placement with accredited investors. The gross proceeds totaled approximately $10.0 million and net proceeds of approximately $9.9 million after commissions and expenses.

	As a result of the October 2014 private placement, the conversion price for the Series E Preferred Stock has been reduced effective October 20, 2014 from $0.33 to $0.28 per share of Series E Preferred Stock (the “Adjusted Conversion Price”). Following this adjustment, each share of Series E Preferred Stock is convertible into the number of shares of Common Stock obtained by dividing the Series E Original Issue Price (as defined in the Certificate of Designation), of is $990.00, by the Adjusted Conversion Price, resulting in each share of Series E Preferred Stock being convertible into approximately 3,535.714 shares of Common Stock. A total of 9,425 shares of Series E Preferred Stock remain outstanding, and as a result of the adjustment, are convertible into approximately 33,324,114 shares of Common Stock in the aggregate, compared to 28,275,000 shares of Common Stock prior to the adjustment. The adjusted conversion price generated additional value to the convertibility feature of the Series E Preferred Stock. Accordingly, the Company will record a deemed dividend of approximately $1.7 million for the additional value of the beneficial conversion feature in October 2014, the period of the adjustment.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of presentation and principles of consolidation	'
	Basis of presentation and principles of consolidation

	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company as of September 30, 2014. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of September 30, 2014, and the results of operations and cash flows for the nine months ended September 30, 2014 have been included. The results of operations for the nine months ended September 30, 2014 are not necessarily indicative of the results to be expected for the full year. The accounting policies and procedures employed in the preparation of these consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended December 31, 2013, which are contained in the Company’s Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 26, 2014. The consolidated balance sheet as of December 31, 2013 contained herein, was derived from those financial statements.

Use of estimates	'
	Use of estimates

	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the useful life of property and equipment, amounts and timing of closure obligations, the assumptions used to calculate fair value of options and warrants granted, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, common stock issued for services, common stock issued for conversion of notes and common stock issued in connection with an acquisition.

Cash and cash equivalents	'
	Cash and cash equivalents

	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with high credit quality financial institutions. The Company’s accounts at these institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At September 30, 2014, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institutions, the Company evaluates at least annually the rating of the financial institutions in which it holds deposits.

Restricted cash	'
	Restricted cash

	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.

Marketable securities	'
	Marketable securities

	Marketable securities consist of the Company’s investment in publicly traded equity securities and are generally restricted for sale under Federal securities laws. The Company’s policy is to liquidate securities received when market conditions are favorable for sale. Since these securities are often restricted, the Company is unable to liquidate them until the restriction is removed. Marketable securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Pursuant to ASC Topic 320, “Investments — Debt and Equity Securities,” the Company’s marketable securities have a readily determinable and active quoted price, such as from NASDAQ, NYSE Euronext, the Over the Counter Bulletin Board, or the OTC Markets Group.

	Trading securities are carried at fair value, with changes in unrealized holding gains and losses included in income and classified within interest and other income, net, in the accompanying consolidated statements of operations.

	Available for sale securities are carried at fair value, with changes in unrealized gains or losses are recognized as an element of comprehensive income based on changes in the fair value of the security. Once liquidated, realized gains or losses on the sale of marketable securities available for sale are reflected in the net income (loss) for the period in which the security was liquidated.

Fair value of financial instruments	'
	Fair value of financial instruments

	The Company adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.

	ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.

	These inputs are prioritized below:

		Level 1:	Observable inputs such as quoted market prices in active markets for identical assets or liabilities
		Level 2:	Observable market-based inputs or unobservable inputs that are corroborated by market data
		Level 3:	Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market values based on the short-term maturity of these instruments. The carrying amount of the note payable at September 30, 2014 approximates its respective fair value based on the Company’s incremental borrowing rate.

Prepaid expenses	'
	Prepaid expenses

	Prepaid expenses of $351,370 and $582,278 at September 30, 2014 and December 31, 2013, respectively, consist primarily of costs paid for future services which will occur within a year. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, drilling services, and mineral lease fees which are being amortized over the terms of their respective agreements.

Mineral property acquisition and exploration costs	'
	Mineral property acquisition and exploration costs

	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company were to identify proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment.

	To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are expensed. During the nine months ended September 30, 2014 and 2013, the Company incurred exploration cost of $3,900,798 and $1,793,214, respectively.

	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.

	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral rights, an acquirer should take into account both:

	· The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.

	· The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.

Property and equipment	'
	Property and equipment

	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.

Impairment of long-lived assets	'
	Impairment of long-lived assets

	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360 “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage are monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.

	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not record any charges for impairment of its long-lived assets at September 30, 2014 and December 31, 2013, respectively.

Asset Retirement Obligations	'
	Asset Retirement Obligations

	Asset retirement obligations (“ARO”), consisting primarily of estimated mine reclamation and closure costs at the Company’s Relief Canyon property, are recognized in the period incurred and when a reasonable estimate can be made, and recorded as liabilities at fair value. Such obligations, which are initially estimated based on discounted cash flow estimates, are accreted to full value over time through charges to accretion expense. Corresponding asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset and depreciated over the asset’s remaining useful life. Asset retirement obligations are periodically adjusted to reflect changes in the estimated present value resulting from revisions to the estimated timing or amount of reclamation and closure costs. The Company reviews and evaluates its asset retirement obligations annually or more frequently at interim periods if deemed necessary.

Income taxes	'
	Income taxes

	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Position. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.

	Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.

	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open. The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.

Stock-based compensation	'
	Stock-based compensation

	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.

	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.

Treasury stock	'
	Treasury stock

	Treasury stock is accounted for using the cost method, with the purchase price of the common stock recorded separately as a deduction from stockholders’ equity.

Related party transactions	'
	Related party transactions

	Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal stockholders of the Company, its management, members of the immediate families of principal stockholders of the Company and its management and other parties that control or can significantly influence the management or operating policies of the Company. The Company discloses all related party transactions.

Recent accounting pronouncements	'
	Recent accounting pronouncements

	In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits related to any disallowed portion of net operating loss carryforwards, similar tax losses, or tax credit carryforwards, if they exist. ASU 2013-11 is effective for fiscal years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a material impact on the Company’s consolidated financial statements.

	In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements”. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders’ equity. The amendments in ASU 2014-10 are effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods; however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 for the interim reporting period ended September 30, 2014.

	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern.” The provisions of ASU No. 2014-15 require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this ASU are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is currently assessing the impact of ASU No. 2014-15 on the Company’s consolidated financial statements.

	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

MINERAL_PROPERTIES_Tables

MINERAL PROPERTIES (Tables)	9 Months Ended
MINERAL PROPERTIES (Tables)	Sep. 30, 2014
Mineral Industries Disclosures [Abstract]	'
Mineral Property	'
	Mineral properties consisted of the following:
		September 30,
		2014		December 31,
		(Unaudited)		2013
	Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071
	Relief Canyon Mine — Newmont Leased Properties		7,709,441		7,709,441
	Pershing Pass Property		576,400		576,400

		$	16,786,912	$	16,786,912

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
PROPERTY AND EQUIPMENT (Tables)	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment	'
	Property and equipment consisted of the following:

			September 30,
		Estimated Life	2014		December 31,
		Estimated Life	(Unaudited)		2013
	Furniture and fixtures	5 years	$	56,995	$	56,995
	Office and computer equipment	1 - 5 years		330,800		234,518
	Land	—		266,977		266,977
	Asset retirement costs (see Note 7)	3 – 18 years		813,983		-
	Building and improvements	5 - 25 years		738,959		730,068
	Site costs	10 years		1,272,732		1,272,732
	Crushing system	20 years		2,256,943		2,256,943
	Process plant and equipment	10 years		3,169,442		3,169,442
	Vehicles and mining equipment	5 - 10 years		695,825		695,825
				9,602,656		8,683,500
	Less: accumulated depreciation			-2,966,780		-2,232,860

			$	6,635,876	$	6,450,640

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2014
Notes Payable [Abstract]	'
Schedule of Notes Payable	'
	Notes payable — short and long term portion consisted of the following:

		September 30, 2014		December 31, 2013
		(Unaudited)
	Total notes payable	$	47,569	$	59,510
	Less: current portion		-23,973		-23,036
	Long term portion	$	23,596	$	36,474

ASSET_RETIREMENT_OBLIGATIONS_T

ASSET RETIREMENT OBLIGATIONS (Tables)	9 Months Ended
ASSET RETIREMENT OBLIGATIONS (Tables)	Sep. 30, 2014
Asset Retirement Obligation Disclosure [Abstract]	'
Schedule of Asset Retirement Obligations	'
	The following table summarizes activity in the Company’s ARO:
			September 30,
			2014
	Balance, beginning of period	$	-
	Accretion expense		-
	Reclamation expenditures		-
	Additions and changes in estimates		813,983
	Balance, end of period	$	813,983

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
STOCKHOLDERS' EQUITY (Tables)	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
Summary of the outstanding stock options	'
	A summary of the Company’s outstanding stock options as of September 30, 2014 and changes during the period then ended is presented below:

							Weighted
							Average
					Weighted		Remaining
					Average		Contractual
		Number of			Exercise		Life
		Options			Price		(Years)
	Balance at December 31, 2013		32,900,000		$	0.4		8.18
	Granted		—			—		—
	Exercised		—			—		—
	Forfeited		-300,000			0.34		7.97
	Cancelled		—			—		—
	Balance at September 30, 2014		32,600,000			0.4		7.43

	Options exercisable at end of period		31,775 000		$	0.4
	Options expected to vest through December 31, 2014		825,000
	Weighted average fair value of options granted during the period				$	—

Summary of the outstanding stock warrants	'
	A summary of the Company’s outstanding stock warrants as of September 30, 2014 and changes during the period then ended are presented below:

						Weighted
						Average
				Weighted		Remaining
				Average		Contractual
		Number of		Exercise		Life
		Warrants		Price		(Years)
	Balance at December 31, 2013	26,244,621		$	0.45		2.22
	Granted	16,809,922			0.43		2.5
	Cancelled	—			—		—
	Forfeited	-5,000,000			0.6		—
	Exercised	—			—		—
	Balance at September 30, 2014	38,054,543		$	0.43		2.08

	Warrants exercisable at September 30, 2014	38,054,543		$	0.43		2.08

	Weighted average fair value of warrants granted during the period			$	0.43

NET_LOSS_PER_COMMON_SHARE_Tabl

NET LOSS PER COMMON SHARE (Tables)	9 Months Ended
NET LOSS PER COMMON SHARE (Tables)	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Computation of Earnings Per Share	'
	The following table sets forth the computation of basic and diluted loss per share:

		For the Three		For the Three		For the Nine		For the Nine
		Months		Months		Months		Months
		ended		ended		ended		ended
		September 30,		September 30,		September 30,		September 30,
		2014		2013		2014		2013
	Numerator:
	Net loss	$	-3,975,921	$	-8,023,233	$	-10,929,082	$	-13,067,459
	Denominator:
	Denominator for basic and diluted loss per share (weighted-average shares)		313,227,134		273,292,023		290,457,315		272,236,712

	Net loss per common share, basic and diluted	$	-0.01	$	-0.03	$	-0.04	$	-0.05

Schedule of antidilutive securities excluded from computation diluted shares outstanding	'
	The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s loss from continuing operations and loss from discontinued operations. In periods where the Company has a net loss, all dilutive securities are excluded.

		30-Sep-14		30-Sep-13
	Common stock equivalents:
	Stock options		32,600,000		33,400,000
	Stock warrants		38,054,543		26,244,621
	Convertible preferred stock		28,275,000		33,555,000

	Total		98,929,543		93,199,621

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of future minimum rental payments required under the lease	'
	Future minimum rental payments required under the lease are as follows:

	2014	$	11,651
	2015		15,535
		$	27,186

Schedule of future minimum lease payments under mining leases	'
	The future minimum lease payments under these mining leases are as follows:

	2014	$	10,000
	2015		10,000
	2016		20,000
	2017		25,000
	2018		25,000
	Thereafter		117,500
		$	207,500

ORGANIZATION_AND_DESCRIPTION_O1

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Textual) (USD $)	Sep. 30, 2014	17-May-12	Aug. 30, 2011
	item	Pershing Royalty Company	Acquisition
Number Of Entity Properties Contain Proven And Probable Reserves	0	'	'
Payments to Acquire Mining Assets	'	'	$12,000,000
Noncash or Part Noncash Acquisition, Debt Assumed	'	'	$8,000,000
Number Of Gold Exploration Properties	'	2	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Prepaid expenses	$351,370	$582,278	$351,370	$582,278
Exploration cost	2,019,373	1,078,139	3,900,798	1,793,214
Federal Deposit Insurance Corporation Premium Expense	'	'	$250,000	'
Maximum [Member]	'	'	'	'
Estimated useful life	'	'	'25 years	'
Minimum [Member]	'	'	'	'
Estimated useful life	'	'	'1 year	'

MARKETABLE_SECURITIES_Details_

MARKETABLE SECURITIES (Details Textual) (USD $)	9 Months Ended		4 Months Ended	1 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	31-May-13	Jan. 31, 2013
	Sep. 30, 2014	Sep. 30, 2013	Valor Gold common stock	American Strategic Minerals common stock
Marketable securities	'	'	'	'
Shares sold	'	'	25,000,000	1,513,333
Net proceeds generated	'	'	$1,505,000	$151,333
Realized Gain from Sale of Securities	$0	$1,656,333	'	'

MINERAL_PROPERTIES_Details

MINERAL PROPERTIES (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Mineral properties	'	'
Total Mineral Properties	$16,786,912	$16,786,912
Relief Canyon Mine- Gold Acquisition	'	'
Mineral properties	'	'
Total Mineral Properties	8,501,071	8,501,071
Relief Canyon Mine- Newmont Leased Properties	'	'
Mineral properties	'	'
Total Mineral Properties	7,709,441	7,709,441
Pershing Pass Property	'	'
Mineral properties	'	'
Total Mineral Properties	$576,400	$576,400

MINERAL_PROPERTIES_Details_Tex

MINERAL PROPERTIES (Details Textual) (USD $)

9 Months Ended

1 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Oct. 31, 2014

Sep. 30, 2014

Apr. 05, 2012

Sep. 30, 2014

Apr. 05, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Third party

BLM

Relief Canyon Mine- Gold Acquisition

Relief Canyon Mine- Newmont Leased Properties

Pershing Pass Property

Subsequent Event

column

mine

2006 Mineral Lease and Sublease

1994 Mining Lease

1999 Mining Lease

Victoria Gold

Newmont USA Ltd

Maximum

Minimum

mine

Other Metal

Silver Scott Mines

Victoria Gold

Third party

Wolf Pack Gold (Nevada) Corp

Maximum

Minimum

pond

acre

claim

acre

claim

item

Wolf Pack Gold (Nevada) Corp

millsite

item

claim

acre

mine

Starting September 2016 till September 2023

Starting September 2023 till September 2028

Starting September 2028 till September 2033

Sep-33

claim

acre

cell

mine

Mineral properties

Unpatented lode mining claims owned

164

283

155

490

283

Unpatented millsites owned

120

Number of open pit mines

Number of cells included in heap leach pads

Number of solution ponds

Number of carbon columns included in adsorption desorption recovery process plant

Net smelter return royalty percentage

2.00%

5.00%

3.00%

2.00%

Unpatented mining claims owned

700

Acres of Property

13,300

2,800

12,000

9,700

5,660

400

Area of properties held under leases and subleases

8,900

600

Unpatented mining claims owned on which royalty owed to Victoria Gold

221

Unpatented mining claims owned that the Company located during mid 2012

Private lands leased (in acres)

635

Royalty percentage on all metals produced other than gold

2.00%

Royalty percentage on gold if gold prices are less than $500 per ounce

2.00%

Gold price (per ounce)

500

Royalty percentage on gold if gold prices are over $1,500 per ounce

3.50%

Gold price (per ounce)

1,500

Royalty percentage on gold production that the entity can repurchase

3.00%

Rate at which the entity can repurchase royalty percentage of gold

$600,000

Each royalty percentage that the company can repurchase at specified rate

1.00%

Royalty percentage on precious metals

1.00%

0.50%

Advance royalty required to pay per year

10,000

12,500

15,000

20,000

Purchase price for acquisition of unpatented mining claims

250,000

Acres of privately-owned fee minerals leased (in acres)

4,900

Amount required to be spent in exploration expenses in 2013

1,000,000

Amount required to be spent in exploration expenses per year

500,000

Rental payment per acre per year

Increase in rental payments per year (as a percent)

5.00%

Amount of annual rent payable if the Company elects not to or fails to incur minimum specific amount in exploration expenditures

0.1

Additional direct drilling expenditures required in 2017 in order to avoid the annual rental payment requirement

0.5

Minimum monthly average gold price for which 5% net smelter royalty would apply (per ounce)

400

Net smelter return royalty percentage on specified acres of leased properties (in acres)

2.50%

3.50%

Acres of leased property on which royalty percentage apply (in acres)

800

495

Statewide bond

5,400,000

Excess amount of the current coverage requirement to reclaim land disturbed in exploration and mining operations

235,000

Amount of the bonds written

5,000,000

5,400,000

Restricted cash required to be maintained as a percentage of the value of the bonds

45.00%

Restricted cash

$2,250,000

Primary term of the lease

'10 years

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	9 Months Ended
PROPERTY AND EQUIPMENT (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	$9,602,656	$8,683,500
Less: accumulated depreciation	-2,966,780	-2,232,860
Total property and equipment, net	6,635,876	6,450,640
Maximum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'25 years	'
Minimum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'1 year	'
Furniture and fixtures	'	'
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	56,995	56,995
Estimated Life	'5 years	'
Office and computer equipment	'	'
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	330,800	234,518
Office and computer equipment \| Maximum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'5 years	'
Office and computer equipment \| Minimum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'1 year	'
Land	'	'
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	266,977	266,977
Building and improvements	'	'
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	738,959	730,068
Building and improvements \| Maximum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'25 years	'
Building and improvements \| Minimum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'5 years	'
Site costs	'	'
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	1,272,732	1,272,732
Estimated Life	'10 years	'
Crushing system	'	'
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	2,256,943	2,256,943
Estimated Life	'20 years	'
Process plant and equipment	'	'
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	3,169,442	3,169,442
Estimated Life	'10 years	'
Vehicles and mining equipment	'	'
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	695,825	695,825
Vehicles and mining equipment \| Maximum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'10 years	'
Vehicles and mining equipment \| Minimum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'5 years	'
Asset retirement costs	'	'
Property, Plant and Equipment [Line Items]	'	'
Total property and equipment, gross	$813,983	$0
Asset retirement costs \| Maximum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'18 years	'
Asset retirement costs \| Minimum	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Life	'3 years	'

PROPERTY_AND_EQUIPMENT_Details1

PROPERTY AND EQUIPMENT (Details Textual) (USD $)	9 Months Ended
PROPERTY AND EQUIPMENT (Details Textual) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Property, Plant and Equipment [Line Items]	'	'
Depreciation	$733,920	$729,771

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Schedule Of Short Term And Long Term Portion [Line Items]	'	'
Total notes payable	$47,569	$59,510
Less: current portion	-23,973	-23,036
Long term portion	$23,596	$36,474

NOTES_PAYABLE_Details_Textual

NOTES PAYABLE (Details Textual) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Aug. 31, 2012
			Note Payable	Note Payable
			item
Debt Instrument [Line Items]	'	'	'	'
Number of equal monthly payments of the debt	'	'	48	'
Notes payable	$47,569	$59,510	'	$92,145
Interest rate (as a percent)	'	'	7.00%	'
Frequency of payments of the debt	'	'	'monthly	'
Monthly payments of the debt	'	'	$2,226	'

ASSET_RETIREMENT_OBLIGATIONS_D

ASSET RETIREMENT OBLIGATIONS (Details) (USD $)	9 Months Ended
ASSET RETIREMENT OBLIGATIONS (Details) (USD $)	Sep. 30, 2014
Balance, beginning of period	$0
Accretion expense	0
Reclamation expenditures	0
Additions and changes in estimates	813,983
Balance, end of period	$813,983

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Textual) (Continental Resources, USD $)	1 Months Ended	9 Months Ended
	Jan. 31, 2013	Sep. 30, 2013
Continental Resources	'	'
Related Party Transaction [Line Items]	'	'
Distribution to former parent company	$15,066	$15,066

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	9 Months Ended	12 Months Ended
STOCKHOLDERS' EQUITY (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Number of Options	'	'
Balance at December 31, 2013	32,900,000	'
Granted	0	'
Exercised	0	'
Forfeited	-300,000	'
Cancelled	0	'
Balance at September 30, 2014	32,600,000	32,900,000
Options exercisable at end of period	31,775,000	'
Options expected to vest through December 31, 2014	825,000	'
Weighted Average Exercise Price	'	'
Balance at December 31, 2013	$0.40	'
Granted	$0	'
Exercised	$0	'
Forfeited	$0.34	'
Cancelled	$0	'
Balance at September 30, 2014	$0.40	$0.40
Options exercisable at end of period	$0.40	'
Weighted average fair value of options granted during the period	$0	'
Weighted Average Remaining Contractual Life (Years)	'	'
Balance	'7 years 5 months 5 days	'8 years 2 months 5 days
Granted	'0 years	'
Exercised	'0 years	'
Forfeited	'7 years 11 months 19 days	'
Cancelled	'0 years	'

STOCKHOLDERS_EQUITY_Details_1

STOCKHOLDERS' EQUITY (Details 1) (USD $)	9 Months Ended	12 Months Ended
STOCKHOLDERS' EQUITY (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Weighted Average Remaining Contractual Life (Years)	'	'
Granted	'0 years	'
Cancelled	'0 years	'
Forfeited	'7 years 11 months 19 days	'
Exercised	'0 years	'
Warrant	'	'
Number of Warrants	'	'
Balance at December 31, 2013	26,244,621	'
Granted	16,809,922	'
Cancelled	0	'
Forfeited	-5,000,000	'
Exercised	0	'
Balance at September 30, 2014	38,054,543	26,244,621
Warrants exercisable at September 30, 2014	38,054,543	'
Weighted Average Exercise Price	'	'
Balance at December 31, 2013	$0.45	'
Granted	$0.43	'
Cancelled	$0	'
Forfeited	$0.60	'
Exercised	$0	'
Balance at September 30, 2014	$0.43	$0.45
Warrants exercisable at September 30, 2014	$0.43	'
Weighted average fair value of warrants granted during the period	$0.43	'
Weighted Average Remaining Contractual Life (Years)	'	'
Balance	'2 years 29 days	'2 years 2 months 19 days
Granted	'2 years 6 months	'
Cancelled	'0 years	'
Forfeited	'0 years	'
Exercised	'0 years	'
Warrants exercisable at September 30, 2014	'2 years 29 days	'

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)

0 Months Ended

2 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

9 Months Ended

Jul. 30, 2014

Jul. 14, 2014

Jul. 02, 2014

Jun. 18, 2012

Mar. 31, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Jun. 18, 2012

Jul. 31, 2014

Mar. 31, 2014

Sep. 30, 2014

Dec. 16, 2013

Sep. 30, 2014

Dec. 16, 2013

Oct. 20, 2014

Feb. 12, 2013

Jan. 02, 2014

Dec. 16, 2013

Nov. 01, 2013

Dec. 16, 2013

Jul. 30, 2014

Jul. 02, 2014

Jul. 31, 2014

Aug. 31, 2013

Jul. 02, 2014

Jul. 30, 2014

Jul. 02, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Aug. 05, 2013

Jul. 31, 2014

Apr. 30, 2014

Aug. 31, 2013

Mar. 31, 2014

Sep. 30, 2014

Dec. 31, 2013

Oct. 31, 2014

Aug. 31, 2013

Jul. 30, 2014

Jul. 14, 2014

Jul. 02, 2014

Oct. 31, 2014

Sep. 30, 2014

Scenario, Forecast

Treasury Stock

Common Stock Options

2013 Stock Surrender

2014 Stock Surrender

Subsequent Event

Director Employees and Consultants

Employees

Employees and Consultants

Private Placement Agent

Exchange Of Related Party Debt Transaction

Warrant To Purchase Common Stock

Convertible Preferred Stock

Convertible Series A Preferred Stock

Convertible Series B Preferred Stock

Convertible Series C Preferred Stock

Convertible Series D Preferred Stock

Series E Preferred Stock

Common Stock

9% Series D Cumulative Preferred Stock

Treasury Stock

Barry Honig

Private Placement Agent

Subsequent Event

Maximum

Minimum

Exchange Of Related Party Debt Transaction

Warrant To Purchase Common Stock

Subsequent Event

Barry Honig

Exchange Of Related Party Debt Transaction

Senior secured convertible promissory note

Class of Stock [Line Items]

Stock authorized, shares

50,000,000

2,250,000

8,000,000

3,284,396

7,500,000

15,151

7,500,000

Par value of preferred stock authorized (in dollars per share)

$0.00

Preferred stock, Issued (in shares)

9,425

11,185

Preferred stock, Outstanding (in shares)

9,425

11,185

Dividend rate (as a percent)

9.00%

Number of common shares issued upon conversion

3,000

33,324,114

Conversion price per share of common stock (in dollars per share)

$0.33

$0.28

Preferred stock redemption amount as percentage of purchase price

110.00%

Amount that preferred stockholder is entitled to receive as percentage of purchase price upon liquidation, dissolution or winding up of the entity

110.00%

Cash payment that preferred stockholders are entitled to receive as percentage of purchase price upon a change of control

10.00%

Percentage of the number of share of common stock issuable upon conversion used to calculate warrant rights

40.00%

Stock issued (in shares)

10,533

35,714,287

Number of shares of common stock to be acquired

11,616,222

2,725,454

342,855

2,125,391

12,639,600

782,400

Net proceeds from private placement

$10,900,000

$10,200,000

$9,900,000

Purchase price of each share of Series E Preferred Stock with associated warrant (in dollars per share)

$990

Amount owed by the Company under a Credit Facility Agreement to related party

645,480

Number of shares issued in exchange for outstanding principal and accrued interest to related party

652

Number of share of preferred stock converted in common shares

181

1,529

3,535,714

Aggregate number of common shares issued upon conversion

543,000

150,000

4,587,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value

3,417,000

875,000

Restricted common stock granted

5,000,000

6,700,000

250,000

-1,300,000

125,000

2,500,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$0.51

$0.35

$0.36

$0.35

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number

1,666,500

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

1,666,500

1,667,000

Stock-based compensation expense

2,022,747

70,593

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options

1,420,214

22,170

Treasury stock, at cost, shares

1,019,528

127,015

1,019,528

127,015

Treasury stock, at cost

225,876

44,455

225,876

Common stock reacquired (in shares)

492,513

Common Stock Units Sold

2,461,760

26,578,854

35,714,287

6,813,645

Number Of Common Stock Per Unit

Term of warrants

'30 months

'3 years

Number of shares of common stock issued for each warrant

0.4

Warrants exercised price (in dollars per share)

$0.45

$0.34

$0.40

Aggregate number of common stock issued pursuant to sale of units

6,813,645

29,040,614

Gross proceeds from sale of units

2,300,000

9,800,000

10,000,000

Net Proceeds From Sale Of Units

2,200,000

8,900,000

9,900,000

Commissions paid in cash

100,000

784,000

Expenses paid for private placement of common units

18,000

136,000

Unrecognized compensation cost related to restricted stock awards

76,007

16,670

Legal Fees

174,000

Common Stock Prior To Adjustment

28,275,000

Unvested Restricted Stock Awards

400,000

Other Preferred Stock Dividends and Adjustments

4,101,659

1,700,000

Stock Surrender Value

$44,455

$181,421

Warrant Expiration Date

2-Jan-17

NET_LOSS_PER_COMMON_SHARE_Deta

NET LOSS PER COMMON SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
NET LOSS PER COMMON SHARE (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator:	'	'	'	'
Net loss	($3,975,921)	($8,023,233)	($10,929,082)	($13,067,459)
Denominator:	'	'	'	'
Denominator for basic and diluted loss per share (weighted-average shares)	313,227,134	273,292,023	290,457,315	272,236,712
Net loss per common share, basic and diluted	($0.01)	($0.03)	($0.04)	($0.05)

NET_LOSS_PER_COMMON_SHARE_Deta1

NET LOSS PER COMMON SHARE (Details 1)	9 Months Ended
NET LOSS PER COMMON SHARE (Details 1)	Sep. 30, 2014	Sep. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common stock equivalents	98,929,543	93,199,621
Stock options	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common stock equivalents	32,600,000	33,400,000
Stock warrants	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common stock equivalents	38,054,543	26,244,621
Convertible preferred stock	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common stock equivalents	28,275,000	33,555,000

NET_LOSS_PER_COMMON_SHARE_Deta2

NET LOSS PER COMMON SHARE (Details Textual) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Aug. 05, 2013

Jul. 31, 2014

Apr. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Dec. 31, 2013

Oct. 31, 2014

Convertible Series E Preferred Stock [Member]

Common Stock

Subsequent Event

Maximum [Member]

Minimum [Member]

Subsequent Event

Net Loss Per Common Shares [Line Items]

Conversion price per share of common stock (in dollars per share)

$0.33

$0.28

Other preferred stock dividends and adjustments

$4,101,659

$1,700,000

Preferred stock, Outstanding (in shares)

9,425

11,185

Number of common shares issued upon conversion

3,000

33,324,114

Common stock prior to adjustment

28,275,000

Number of share of preferred stock converted in common shares

181

1,529

3,535,714

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Sep. 30, 2014
Other Commitments [Line Items]	'
2014	$11,651
2015	15,535
Total	$27,186

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details 1) (USD $)	Sep. 30, 2014
COMMITMENTS AND CONTINGENCIES [Line Items]	'
2014	$10,000
2015	10,000
2016	20,000
2017	25,000
2018	25,000
Thereafter	117,500
Total	$207,500

COMMITMENTS_AND_CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
	acre	Sep. 30, 2013
Other Commitments [Line Items]	'	'
Lease agreement term	'3 years	'
Net rentable square feet area for which rent is payable	2,390	'
Annual base rent per rentable square foot (in dollars per square foot)	18.5	'
Annual base rent	$44,215	'
Operating Leases, Rent Expense, Net	$35,694	$33,759

SUBSEQUENT_EVENTS_Details_Texu

SUBSEQUENT EVENTS (Details Texual) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

Jul. 30, 2014

Jul. 14, 2014

Jul. 02, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Jul. 30, 2014

Aug. 05, 2013

Jul. 31, 2014

Apr. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Dec. 31, 2013

Oct. 20, 2014

Oct. 31, 2014

Oct. 20, 2014

Common Stock

Convertible Series E Preferred Stock

Subsequent Event

Common Stock

Convertible Series E Preferred Stock

Series E Preferred Stock

Maximum

Minimum

Maximum

Minimum

Subsequent Event [Line Items]

Common Stock Units Sold

2,461,760

26,578,854

6,813,645

35,714,287

Proceeds From Sale Of Units Gross

$2,300,000

$9,800,000

$10,000,000

Net Proceeds From Sale Of Units

2,200,000

8,900,000

9,900,000

Conversion of Stock, Shares Converted

181

1,529

3,535,714

Convertible Preferred Stock, Shares Issued upon Conversion

3,000

33,324,114

Preferred Stock Convertible Conversion Price

$0.33

$0.28

$0.33

$0.28

Convertible Preferred Stock Conversion Issued Value

$990

Preferred Stock, Shares Outstanding

9,425

11,185

9,425

Common Stock Prior To Adjustment

28,275,000

Other Preferred Stock Dividends and Adjustments

$4,101,659

$1,700,000